Orkla India IPO opens on October 29, 2025, and closes on October 31, 2025. The price band is fixed at ₹695 to ₹730 per share. The issue includes a fresh issue along with an offer for sale of 2,28,43,004 equity shares. The company aims to raise around ₹1,667.54 crore. Allotment is expected on November 3, 2025, and the listing will take place on November 6, 2025, on both NSE and BSE.
Orkla India, earlier known as MTR Foods, continues to deliver steady financial performance. Revenue increased from ₹2,387.99 crore in FY2024 to ₹2,455.24 crore in FY2025. Profit also improved from ₹226.33 crore to ₹255.69 crore. With a wide product range, strong brand connect, and stable growth, long-term investors may consider this IPO.
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Orkla India IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 29, 2025 |
| IPO Close Date | October 31, 2025 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹695 to ₹730 per share |
| Issue Size | Approx ₹1,667.54 crores |
| Offer for Sale | Approx 2,28,43,004 equity shares |
| Issue Type | Book Build Issue |
| Listing | BSE & NSE |
| DRHP | View PDF |
| RHP | View PDF |
Orkla India IPO
Open: 29-31 Oct 2025
Issue Size: ₹1667.54 Cr.
Objective: It’s a 100% sale: Promoters cashing out; company gets zero funds.
Exchange: BSE NSE
Orkla India IPO Review
The company has a strong legacy in the Indian packaged food sector. Its brands MTR and Eastern enjoy high consumer trust and a wide retail presence across India. Financials show stable growth, healthy margins, and efficient operations.
While the valuation may seem premium compared to some peers, the brand strength and long-term demand for packaged foods support investor confidence. Long-term investors may consider applying, while short-term listing gains may depend on market conditions.
Orkla India IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 20 | ₹14,600 |
| Retail Maximum | 13 | 260 | ₹1,89,800 |
| S-HNI Minimum | 14 | 280 | ₹2,04,400 |
| B-HNI Minimum | 69 | 1,380 | ₹10,07,400 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investors | 68,43,900 | 29.96% |
| QIBs | 45,62,602 | 19.97% |
| NIIs | 34,21,951 | 14.98% |
| Retail Investors | 79,84,551 | 34.95% |
Orkla India IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | October 28, 2025 |
| Anchor List | View PDF |
| Shares Offered | 68,43,900 |
| Anchor Size | ₹499.60 crore |
| 50% Lock-in End (30 Days) | December 3, 2025 |
| 50% Lock-in End (90 Days) | February 1, 2026 |
Orkla India IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | October 29, 2025 |
| IPO Close Date | October 31, 2025 |
| Basis of Allotment | November 3, 2025 |
| Refunds | November 4, 2025 |
| Credit to Demat | November 4, 2025 |
| Listing Date | November 6, 2025 |
| Cut-off Time | October 31, 2025 – 5 PM |
Promoters and Holding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 13,69,89,230 | 90% |
| Promoter Holding Post-Issue | 13,69,89,230 | 75% |
Objects of the Issue
The proceeds from the Orkla India IPO will mainly be used to cover various offer-related expenses. These include fees and commissions payable to the book-running lead managers, marketing and advertising costs for the offer, and charges to the registrar.
The company will also utilise funds to meet processing fees for SCSBs, sponsor banks, and other intermediaries involved in the bidding and distribution process. Additional expenses such as printing and distribution of offer stationery, regulatory fees including SEBI, BSE and NSE charges, and book-building software costs will also be covered.
Payments to auditors, legal advisors, independent professionals, and industry data providers form another part of the utilisation. A small portion will go towards miscellaneous offer-related costs to ensure smooth completion and listing of the IPO.
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About Orkla India
Founded in 1924 as MTR Foods, Orkla India is a leading multi-category packaged food company offering over 400 products. Its portfolio includes spices, blended masalas, ready mixes, breakfast mixes, snacks, and beverages.
Popular items include Sambar Masala, Rasam Masala, Rava Idli Mix, Gulab Jamun Mix, 3-Minute Poha, and more. The company sells products through brands MTR and Eastern and operates across 28 states, 5 union territories, 843 distributors, and 1,800 sub-distributors.
Financial Performance
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹2201.44 cr | ₹1943.72 cr | ₹339.13 cr | ₹3101.96 cr |
| 2024 | ₹2387.99 cr | ₹2083.37 cr | ₹226.33 cr | ₹3375.19 cr |
| 2025 | ₹2455.24 cr | ₹2066.15 cr | ₹255.69 cr | ₹3171.30 cr |
| June 2025 | ₹605.38 cr | ₹499.30 cr | ₹78.92 cr | ₹3158.20 cr |
Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | – |
| ROCE | 32.7% |
| EBITDA Margin | 16.6% |
| PAT Margin | 10.7% |
| Debt-to-equity | NA |
| EPS (Basic) | ₹18.7 |
| P/E Ratio | NA |
| RoNW | 13.8% |
| NAV | ₹135.3 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Tata Consumer Products | 13.1 | 85.9 | 6.4% | 202.1 | ₹17,811.55 cr |
Orkla India IPO Lead Managers
ICICI Securities, Citigroup Global Markets India, J.P. Morgan India, and Kotak Mahindra Capital are managing the issue.
Company Address
Orkla India Limited, No.1, 2nd & 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Ashwini Layout, Vivek Nagar, Bengaluru, Karnataka
Email: investors@orklaindia.com
IPO Registrar
KFin Technologies Ltd
Email: orklaindia.ipo@kfintech.com
Website: ipostatus.kfintech.com
Orkla India IPO FAQs
What is Orkla India IPO?
It is a mainboard IPO of around ₹1,667.54 crore, priced at ₹695 to ₹730 per share, and will list on NSE and BSE.
When will Orkla India IPO open?
It opens on October 29, 2025 and closes on October 31, 2025.
What is the investor allocation?
QIB 50%, NII 15%, and Retail 35%.
How can I apply?
You can apply through ASBA via your bank or UPI through your broker.
What is the issue size?
₹1,667.54 crore.
What is the lot size?
20 shares per lot.
What is the allotment date?
November 3, 2025.
When will the IPO list?
November 6, 2025.
Expert Comment
Orkla India has strong brands, a long operating history, and a diversified product portfolio that fits the evolving packaged food demand in India. Financial performance remains stable with healthy margins and improving profitability in FY2025.
Although pricing may feel expensive, the company’s market position and long-term growth prospects make it a steady compounder. Investors looking for a reliable FMCG play may consider subscribing for the long term.
